Late fee under Gst

Late fee paid under Gst is an allowable expenses under section 37 of the Act , Please clarify the correct position . It is nature of penalty or not .
Replies (4)
Quick Summary
This discussion seeks clarification on whether late fees paid under GST are considered an allowable business expense under Section 37 of the Act, or if they are a penalty. While some understand them as allowable expenses, an audit report noted them as a penalty, leading to an adjustment notice. Options for addressing this include requesting a revised audit report or accepting the adjustment and filing a revised return.

Not a penalty.... allowable expenses.

It is an allowable expense as I understand.

My ca mention in Audit Report it is penalty . Notice under section 143(a)(iv) received adjustment of that amount , what procedure adopted by me for allowing that expenses as a business expenses
Option 1 - Ask your CA to revise audit report and then respond as disagree.
Option 2 - Accept the adjustment and file revised return if possible if the adjustment amount is small.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details